That is one thing I don't think I ran into in any of Dean's books, was how much flippin' PAPERWORK is involved..
Now, I realize that it's going to be different for every state, and even for different areas WITHIN a state... but this is what I've had to sign for each offer so far - and I JUST want to know if I'm doing something wrong, or if this is normal, or if this is just a bass-ackward state that likes its paperwork...
On Each Offer so far
Offer/Acceptance - 7 pages, multiple initial/signatures
Duties owed by a Real Estate Agent -2 pages
Consent to act- 1 page
on Short sales (And WOW do we have a LOT of them!)
Short Sale Addendum - 2 pages
On HomePath/HomeLand/Freddie/Fannie homes --Most of all of the above, plus their OWN 14 page "Real Estate Addendum" packet, (Yes, each page needs initials/signatures)
plus proof of funds
...............................
So I'm looking at around 12-30 pages of paperwork, and this is *JUST* for offers I'm putting in. Haven't found out what happens when I get something accepted yet!
Is this NORMAL? If it is, I'll just suck it up, put an ice pack on my signing hand, and keep going... but- really?
And yes, if I could streamline the process by just filling out ONE contract and leaving the address/amount blank, and leaving it on file with the realtor, I WOULD HAVE DONE SO. But the wide variety of variables and details we have in this area make that impossible.
Anyway, what I'd really like to know is- what are other wholesaling folks encountering on the paperwork front? What are you all signing, and what are you avoiding or leaving blank? Which inspections are you waiving, and which ones are you insisting on? Are there pitfalls hidden in the dead forest I'm signing that could make it impossible for me to assign, double-close, or otherwise hand off these properties? What should I be watching out for?
And does anybody know where to get printer ink on the cheap? Printing up all this stuff is killing me!
HOLY Mother of PEARL!
That is one thing I don't think I ran into in any of Dean's books, was how much flippin' PAPERWORK is involved..
Now, I realize that it's going to be different for every state, and even for different areas WITHIN a state... but this is what I've had to sign for each offer so far - and I JUST want to know if I'm doing something wrong, or if this is normal, or if this is just a bass-ackward state that likes its paperwork...
On Each Offer so far
Offer/Acceptance - 7 pages, multiple initial/signatures
Duties owed by a Real Estate Agent -2 pages
Consent to act- 1 page
on Short sales (And WOW do we have a LOT of them!)
Short Sale Addendum - 2 pages
On HomePath/HomeLand/Freddie/Fannie homes --Most of all of the above, plus their OWN 14 page "Real Estate Addendum" packet, (Yes, each page needs initials/signatures)
plus proof of funds
...............................
So I'm looking at around 12-30 pages of paperwork, and this is *JUST* for offers I'm putting in. Haven't found out what happens when I get something accepted yet!
Is this NORMAL? If it is, I'll just suck it up, put an ice pack on my signing hand, and keep going... but- really?
And yes, if I could streamline the process by just filling out ONE contract and leaving the address/amount blank, and leaving it on file with the realtor, I WOULD HAVE DONE SO. But the wide variety of variables and details we have in this area make that impossible.
Anyway, what I'd really like to know is- what are other wholesaling folks encountering on the paperwork front? What are you all signing, and what are you avoiding or leaving blank? Which inspections are you waiving, and which ones are you insisting on? Are there pitfalls hidden in the dead forest I'm signing that could make it impossible for me to assign, double-close, or otherwise hand off these properties? What should I be watching out for?
And does anybody know where to get printer ink on the cheap? Printing up all this stuff is killing me!